Cooper Standard Automotive has acquired USi from Ikuyo of Japan, effective immediately. USi, based in Rockford, Tennessee, provides an exclusive hard coating process for use in automotive and industrial applications, including bright trim assemblies on vehicles produced by a number of global automakers, including Ford, General Motors, Honda, Hyundai, Nissan Motor and Toyota. Terms of the sale were not disclosed.
General Motors' Joel Ewanick has come to the Detroit area to oversee the task of marketing the post-bankruptcy GM, which is still 33 percent owned by the U.S. Treasury.
General Motors said today that it will reopen its small-pickup assembly plant in Shreveport, La., on Monday after a weeklong shutdown because of a shortage of parts from Japan.
Christopher Barger, director of global social media at General Motors Co., has been hired by Porter Novelli's recently acquired PR firm, Voce Communication, to be its senior vice president for global programs, effective April 11.
General Motors' decision to site its next generation Opel/Vauxhall Vivaro production in the English town of Luton will see the automaker aiming to source a significant production from the UK supply chain.
Saab CEO Jan Ake Jonsson will retire from the company on May 19, Saab owner Spyker Cars said today. Jonsson, 59, played a key role in saving Saab after former owner General Motors Co. wanted to close the Swedish brand.
Saab owner Spyker Cars is looking for a successor to Saab CEO Jan Ake Jonsson, who will retire on May 19. Jonsson, 59, played a key role in saving Saab when former owner General Motors Co. wanted to close the Swedish brand.
Also in today's show: Lamborghini sells out the Aventador LP700-4 for more than a year, General Motors cars "held hostage," lawsuit claims, and the Toyota Prius wagon is delayed in Japan.
Russian banker Vladimir Antonov is prepared to invest up to 50 million euros in Saab after returning as a shareholder in Dutch group Spyker, which bought Saab from General Motors last year.
UAW Vice President Joe Ashton said the remaining 2,000 hourly workers at General Motors on layoff will be back to work by September.
General Motors Company said it is selling all of its shares of Series A fixed rate perpetual preferred stock in Ally Financial [nee GMAC] in a registered public offering for US$1bin.
Fallout from the Japan earthquake is hitting neighboring South Korea, leading General Motors and other carmakers to reassess production schedules amid supply worries.
After temporarily halting activities at its Shreveport, Lousiana, plant last week, General Motors has been forced to shut down the Tonawanda, New York, facilities as well. Spokesperson Kim Carpenter has confirmed that on top of neutralizing production of the Colorado and Canyon engines, GM has laid off 59 of the plant's 623 employees.
General Motors today unveiled photos of a redesigned Chevrolet Colorado pickup, which will go on display later this week at an auto show in Bangkok, Thailand.
General Motors has halted all non-essential spending and travel while it gets a better idea of the potential impact of Japan's crisis on the company, the automaker has said.
General Motors Korea on Monday said it would reduce production this week by up to 10% because of a possible lack of parts from Japan following the earthquake.
General Motors will suspend car production at Opel plants in Spain and Germany next week because of a shortage of parts from Japan. GM is assessing inventories of key components after last week's earthquake and tsunami in Japan, CEO Dan Akerson said.
General Motors will suspend car production at Opel plants in Spain and Germany next week because of a shortage of parts from Japan. GM is assessing inventories of key components after last week's earthquake and tsunami in Japan, CEO Dan Akerson said.
General Motors Co. Treasurer Dan Ammann, who takes over as chief financial officer on April 1, said the company is considering ways to expand into offering dealers loans for purchases of new inventory.
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